Shanxi Xixian New Area Qinhan New Town Development Group Co., Ltd. recently issued corporate bonds (first tranche) in 2023 ("23 Qinhan 01") to professional investors, with a scale of RMB 500 million, a term of three years, and a coupon rate 7.2%.

Recently DeHeng Xi’an Office advised Beijing HeroopSys Co., Ltd. on completing the series C financing of more than RMB 100 million. The lead investor was Fortune Capital, followed by Open Source Investment Fund and Cuihu Venture Capital Fund.

Recently Weinan Industry Investment and Development Group Co., Ltd. obtained the Non-Objection Letter from Shanghai Stock Exchange on the listing of its privately-placed corporate bonds, and was approved to privately place corporate bonds of up to RMB 700 million to institutional investors.

On January 6, 2022, China National Petroleum Corporation (CNPC) announced the bidding result for its first-class external law firms(2022-2024). DeHeng won the bid for the comprehensive service package in Beijing, and specialist service package in the areas of labor law, resources and environment, competition law and anti-monopoly law.

Shaanxi Xixian New Area Qinhan New City Development & Construction Group Co., Ltd. has recently issued the first tranche of private placement notes in 2021 (“21 Qinhan New City PPN001”), to raise a maximum of RMB 1 billion with a term of three years. The actual amount raised was RMB500 million at the interest rate of 7.50%.

DeHeng is glad to announce that we are once again successfully selected into the law firm database of the Ministry of Commerce of China (MOFCOM) as outside lawyer according to the list of bid winners released by MOFCOM on November 11, 2021. DeHeng won for the third time the bid for "The International Trade and Investment Disputes Category – Legal Affairs regarding International Investment (Domestic)" and for the fourth time "The Trade Remedy and Trade Barrier Response Category – Trade Barrier and Response to Section 337 Actions."